Giovanni Bonfanti is a third-year Ph.D. student at the Economics Department of Columbia University. He holds a Bachelor’s and a Master’s degree in Economics and Social Sciences from Bocconi University. He worked for the European Commission and for the Bank of Italy. His research focuses on international macroeconomics, international finance, and European integration.
The interest rate on European Union bonds is now almost as high as that of supposedly riskier Spanish bonds; this risks defeating their purpose.